France Calls for Stricter Rules on Commodity Derivatives

France is calling for a tightening of the oversight on commodity derivatives markets in the EU in order to help reduce the volatility of commodity prices.

Three French ministers have sent a letter to EU commissioner for internal markets and services Michel Barnier urging him to increase supervision on a European scale on commodity derivatives markets. They stress that the existing regulatory framework for financial derivatives markets fails to capture the specific risks posed by commodities markets.

Please read more in the Wall Street Journal.